E-Commerce or Electronic Commerce is a modern business methodology that addresses the needs of business organizations, vendors and customers to reduce costs and improve the quality of goods and services while accelerating delivery times. E-commerce refers to the exchange of paperless business information in the following ways.
- Elektronic Data Interchange (EDI)
- Electronic Mail (e-mail)
- Electronic Bulletin Boards
- Electronic Fund Transfer (EFT)
- Other Network-based technologi
Elementh is Blockchain, which aims to solve the problems of the modern world of e-commerce. Elementh is a blockchain designed for the e-commerce sector. Elementh is the name of the Blockchain company that offers solutions for e-commerce businesses. Elementh’s main idea is to offer Blockchain ownership lists and the ability to use smart contracts to sell them. This will allow companies to use Blockchain technology to improve their business.
The company also offers the ability to create several decentralized and centralized applications that will be developed by third parties and used by e-commerce companies. Elementh’s goal is to create alternative protocols for decentralized application development used by e-commerce, provide the standard quality nomenclature, guarantee the ownership of certain products and the ability to create smart contracts specifically for e-commerce.
What about Blockchain?
Elementh will achieve it by creating Blockchain with the Turing-complete built-in programming language, enabling everyone to write smart contracts and decentralized apps, enabling the use of integrated product cards, e-commerce transactions and proprietary transfers. Elementh will use Blockchain technology to manage the presence and list of goods and to ensure that both users and sellers will work together.
Customers will be able to pay using smart contracts and can easily return the money if the product never arrives (because Blockchain can track the product and verify if the product is shipped or not).
Elementh has a goods system, which can also be used in a large number of applications, such as tracking the movement of certain goods from its creation to the current owner, tracing the goods and detecting the counterfeit goods.
Goods System
Unlike the token system, the goods system also provides the ability to extract certain products at a particular address, which shows all possible item data (such as name, manufacturer, barcode, etc.). And if an identical item is already in Blockchain, the publisher will receive a message about it, and he will have a chance to show how much he wants to release. The items in the system are in one copy and if the goods with the same serial number are added to the system,
any dApp can notify buyers that the origin of the goods is unknown. If the ownership chain is from the manufacturer, the authenticity of the goods will be made throughout the network.
Account is one of the basic objects in Elementh; This is used as the identity of network participants. Each account has:
EEE internal currency account balance;
information on ownership of goods To store goods data, such as specifications, photos, EAN codes, serial numbers, and others, Elementh uses the IPFS protocol. IPFS (the Inter Planetary File System) is a hypermedia communication protocol addressable, peer-to-peer. IPFS lets you create a fully distributed app.
It is aimed
to make the World Wide Web faster, safer, and more open. There are two types of applications built on Elementh.
The first category is a financial application that gives users a good opportunity to manage and participate in contracts using cash, including buying and selling products and content online and offline, as well as tokens available in Elementh software.
The second category is non-financial applications, such as identifying counterfeit goods or counterfeit goods in the supply chain, and others. Elementh Blockchain has its own built-in currency, elementh (EEE), which is used for all operations inside Elementh Blockchain,
for example, payment of transaction fees.
Tokens are checked as EEE and they follow the default token ERC20. The primary token sale of the Elementh platform will begin on April 1, 2018 at 00:00 UTC and will expire on April 30, 2018 at 23:59
UTC. 1 EEE will be equivalent to 0.0002 ETH. During ICO every token sale on the first day will attract 30% bonus Token, while day 2 will attract 15% bonus Token.
The only currency to be received during the token sale is ET. One of the roadmaps of the platform is the launch of alpha Elementh Blockchain version in June 2018.
FOR MORE INFORMATION
- https://elementh.io
- https://twitter.com/Ahooleeman
- https://t.me/elementh_community
- https://www.facebook.com/Elementh
My BTT : https://bitcointalk.org/index.php?action=profile;u=1523483
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